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The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) ticked up slightly by 0.1 point to 30.7 despite rising inflation, elevated mortgage rates, and continued uncertainty in energy markets.
Three of the ESI’s five indicators increased during this period. Confidence in personal finances increased the most, rising 2.8 points to 51.8.
—Confidence in buying a new home increased 0.6 points to 24.3.
—Confidence in the overall U.S. economy increased 0.5 points to 30.9.
—Confidence in finding a new job decreased 1.1 points to 26.3.
—Confidence in making a major purchase decreased 2.3 points to 20.3
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
